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HOW THIS IS MONEY CAN HELP

It follows an overhaul of the tax in December 2014 by the then Chancellor George Osborne.

While the majority of buyers pay less under the new system, those purchasing a property worth £937,000 or higher pay more.

This is because the stamp duty rate on homes at the top end of the market is higher, currently 12 per cent for those properties costing more than £1.5million.

It means those buying a £2million property, for example, pay more than £150,000 in stamp duty.

It is in sharp contrast to those buying a home costing up to £125,000, who pay nothing at all.

In between these two extremes, are those who pay two per cent on properties costing between £125,001 and £250,000, five per cent on those between £250,001 and £925,000, and 10 per cent between £925,001 and £1.5million.

Separately, there is a stamp duty exemption for first-time buyers, which was introduced last year.

These buyers no longer pay stamp duty on properties up to £300,000 - and if the home is worth between £300,000 and £500,000, they pay no stamp duty on the first £300,000 and then five per cent on the remaining amount.

A three per cent surcharge is applied on second homes and buy-to-let properties.

The stamp duty levels in the quiz are not applied to first-time buyers, second-home owners or landlords, or homes outside of England.

Can you work out which properties in our quiz have zero stamp duty and which have stamp duty running into six figures?

If you're unable to see the quiz in the MailOnline app or in Facebook Instant Articles, pleaseclick on this link to view it.